Rothschild & Co Redburn Forecasts Strong Price Appreciation for PepsiCo (NASDAQ:PEP) Stock

PepsiCo (NASDAQ:PEP) had its target price increased by investment analysts at Rothschild & Co Redburn from $130.00 to $132.00 in a report issued on Monday,MarketScreener reports. Rothschild & Co Redburn’s price objective points to a potential downside of 14.63% from the stock’s current price.

Several other analysts have also recently weighed in on PEP. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Citigroup upped their price objective on shares of PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Evercore raised their target price on shares of PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.37.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $154.62 on Monday. The firm has a fifty day moving average price of $157.25 and a two-hundred day moving average price of $152.50. The company has a market cap of $211.33 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.83 and a beta of 0.38. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. PepsiCo has a one year low of $127.60 and a one year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 earnings per share. Analysts anticipate that PepsiCo will post 8.63 EPS for the current fiscal year.

PepsiCo announced that its board has authorized a share buyback program on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo in the 1st quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in PepsiCo in the 4th quarter worth $26,000. Swiss RE Ltd. bought a new stake in PepsiCo in the fourth quarter worth $28,000. JCIC Asset Management Inc. purchased a new stake in PepsiCo during the third quarter valued at about $27,000. Finally, MH & Associates Securities Management Corp ADV bought a new position in shares of PepsiCo during the fourth quarter valued at about $29,000. 73.07% of the stock is currently owned by institutional investors.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.